YouTube has a pretty cool contest that they just announced called the YouTube Underground Contest. According to their site:
"YouTube is on a quest to find the most talented and entertaining unsigned musicians and bands out there. Submit videos that best represent your group’s musical, lyrical and video-making skills. The YouTube community will vote and decide just who rules the YouTube Underground."
Submissions are being accepted now and they close October 18th, 2006. Go to the site and check out the list of prizes because they are pretty impressive. The thought of the four winning bands being "unveiled" on Good Morning America should be quite the sight!